QLDIn ForceRegulation
Co-operatives National Regulation (Queensland)
sch.5-sec.68Provision for loss
Start here
Get a plain-English read of sch.5-sec.68
Turn the raw legal text into a practical explanation grounded in Co-operatives National Regulation (Queensland).
sch.5-sec.68 Provision for loss
The board must make appropriate provision for losses in the co-operative’s accounts and when reporting to members is to indicate whether the loss is expected to continue and whether there is any real prejudice to the co-operative’s solvency.